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Home » Endonovo Therapeutics lands $10M

Endonovo Therapeutics lands $10M

February 14, 2014 By Chris Walker

Endonovo Therapeutics lands $10M

Endonovo Therapeutics said it raised $10 million in a private placement with an unnamed investor.

The Woodland Hills, Calif.-based company is developing non-invasive, electromagnetic therapies with time-varying electromagnetic fields to regenerate tissue and organs that have been damaged by age or disease.

The 7% promissory note, set to expire in 2019, gives the investor 20% of the company in common stock and the right to name a director to the board.

Endonovo can repurchase the stock from the investor for $40 million for a combination of cash, notes, and/or common stock. The funds are expected to be put towards “working capital, research and development, clinical trials, FDA approval and the commercialization of TVEMF technologies,” according to a press release.

Filed Under: Funding Roundup, News Well Tagged With: Endonovo Therapeutics

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